OM Group, Inc. S-8
As filed with the Securities and Exchange Commission on March 2, 2007.
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
OM GROUP, INC.
(Exact name of registrant as specified in its charter)
|
|
|
Delaware
(State or other jurisdiction of
incorporation or organization)
|
|
52-1736882
(I.R.S. Employer
Identification No.) |
|
|
|
127 Public Square, 1500 Key Tower
Cleveland, Ohio
(Address of principal executive offices)
|
|
44114-1221
(Zip Code) |
OM Group, Inc. 2002 Stock Incentive Plan
and
Inducement Stock Option Grant to Joseph M. Scaminace
(Full title of the plan)
Valerie Gentile Sachs
Vice President, General Counsel and Secretary
OM Group, Inc.
127 Public Square, 1500 Key Tower
Cleveland, Ohio 44114-1221
(Name and address of agent for service)
(216) 781-0083
(Telephone number, including area code, of agent for service)
With copy to:
Jeffrey J. Margulies
Squire, Sanders & Dempsey L.L.P.
4900 Key Tower, 127 Public Square
Cleveland, Ohio 44114-1304
CALCULATION OF REGISTRATION FEE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Title of Securities
to be Registered
|
|
|
Amount to be
Registered
|
|
|
Proposed Maximum
Offering Price per
Share (1)
|
|
|
Proposed Maximum
Aggregate Offering
Price (1)
|
|
|
Amount of
Registration Fee |
|
|
Common Stock,
$.01 par value
|
|
|
1,400,000 shares
|
|
|
$ |
49.93 |
|
|
|
$ |
69,902,000 |
|
|
|
$ |
2,146 |
|
|
|
Common Stock,
$.01 par value
|
|
|
88,934 shares
|
|
|
$ |
33.67 |
|
|
|
|
2,994,408 |
|
|
|
$ |
92 |
|
|
|
|
(1) |
|
As regards 1,400,000 shares issuable under the 2002 Stock Incentive Plan, estimated solely
for the purpose of calculating the registration fee pursuant to Rules 457(h)(1) and 457(c)
under the Securities Act of 1933, based upon the average of the high and low prices of OM
Group, Inc. common stock as reported on the New York Stock Exchange on February 28, 2007. As
regards the 88,934 shares covered by the inducement option grant made to Mr. Scaminace, the
proposed maximum per share and aggregate offering prices have been calculated based upon the
exercise price of $33.67 per share for the inducement grant option. |
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
OM Group, Inc. (the Company) incorporates by reference into this Registration Statement the
following documents filed pursuant to the Securities Exchange Act of 1934, as amended (the
Exchange Act):
|
(a) |
|
The Companys Annual Report on Form 10-K for the fiscal year ended December 31,
2006; |
|
|
(b) |
|
The Companys Current Reports on Form 8-K dated on January 10, 2007, February
6, 2007, February 15, 2007 and February 20, 2007; and |
|
|
(c) |
|
The description of the common stock, $.01 par value, of the Company contained
in the Companys Registration Statement on Form S-1 (Registration No. 333-74566) filed
on December 5, 2001. |
Until the Company files a post-effective amendment to this Registration Statement indicating
that all securities offered have been sold, or deregistering all such securities that remain
unsold, all documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act shall be deemed to be incorporated by reference into this Registration
Statement and to be a part of this Registration Statement from the date of filing such documents.
Any statement contained in a document incorporated by reference into this Registration Statement
shall be deemed to be modified or superseded for purposes of this Registration Statement to the
extent that a statement contained in any other subsequently filed document that also is or is
deemed to be incorporated by reference into this Registration Statement modifies or supersedes such
statement. Any statement so modified or superseded shall not be deemed, except as so modified or
superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel
Not applicable.
Item 6. Indemnification of Directors and Officers.
Section 145 of the General Corporation Law of the State of Delaware (Delaware Law) empowers
a Delaware corporation to indemnify any person who was, is or is threatened to be made, party to
any threatened, pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative (other than an action by or in the right of the corporation) by
reason of the fact that such person is or was a director, officer, employee or agent of the
corporation, or is or was serving at the request of such corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or other enterprise.
The indemnity may include expenses (including attorneys fees), judgments, fines and amounts paid
in settlement actually and reasonably incurred by the person in connection with such action, suit
or proceeding, provided that such person acted in good faith and in a manner the person reasonably
believed to be in or not opposed to the corporations best interest, and, with respect to any
criminal proceedings or action, had no reasonable cause to believe the conduct was unlawful.
A Delaware corporation may indemnify any person who was, is or is threatened to be made a
party to any threatened, pending or completed action by or in the right of the corporation under
the same conditions noted above, except that if the person is adjudged to be liable to the
corporation, indemnification will only be permitted to the extent deemed proper by the applicable
court.
To the extent that a present or former officer or director is successful on the merits or
otherwise in the defense of any action referred to above, the corporation must indemnify that
person against expenses that such officer or director actually and reasonably incurred.
In accordance with Delaware Law, Article Eighth of the Companys Amended and Restated
Certificate of Incorporation contains a provision limiting the personal liability of the Companys
directors for violations of their fiduciary duty. Such provision states that a director of the
Company shall not be personally liable to the Company or its stockholders for monetary damages for
breach of fiduciary duty as director except for liability (i) for any breach of the directors duty
of loyalty to the Company or its stockholders, (ii) for acts or omissions not in good faith or that
involve intentional misconduct or knowing violation of law, (iii) for a violation of Section 174 of
the Delaware Law or (iv) for a transaction from which the director derived an improper personal
benefit.
Article Seventh of the Companys Amended and Restated Certificate of Incorporation and Article
VII of the Companys Amended and Restated By-Laws provide for indemnification of each person who
may be indemnified, including the Companys officers and directors, to the fullest extent permitted
by applicable law.
The Company has entered into indemnification agreements with its officers and directors
containing provisions that require the Company, among other things, to advance the officers and
directors expenses incurred as a result of any proceeding against them as to which they could be
indemnified and to maintain officers and directors liability insurance on a basis acceptable to
the Company.
The Company also has directors and officers liability insurance covering, subject to certain
exceptions, actions taken by the Companys directors and officers in their capacities as such.
Item 7. Exemption From Registration Claimed.
Not applicable.
Item 8. Exhibits.
The Exhibits to this Registration Statement are listed in the Exhibit Index, which Exhibit
Index is incorporated herein by this reference.
Item 9. Undertakings.
The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the
Securities Act of 1933 (the Act);
(ii) To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the registration statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than a 20 percent change in
the maximum aggregate offering price set forth in the Calculation of
Registration Fee table in the effective registration statement;
(iii) To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement;
provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if
the information required to be included in a post-effective amendment by those
paragraphs is contained in reports filed with or furnished to the Commission by the
registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of
1934 that are incorporated by reference in this registration statement.
(2) That, for purposes of determining any liability under the Act, each such post-effective
amendment shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(4) That, for the purpose of determining liability under the Act, each filing of the
registrants annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of
1934 (and, where applicable, each filing of an employee benefit plans annual report pursuant to
Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Act may be permitted to
directors, officers and controlling persons of the registrant pursuant to the foregoing provisions,
or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
the registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question of whether such
indemnification by it is against public policy as expressed in the Act and will be governed by the
final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Company certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has
duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of Cleveland, and the State of Ohio, on March 2, 2007.
|
|
|
|
|
|
OM GROUP, INC.
|
|
|
By: |
/s/ Kenneth Haber
|
|
|
|
Kenneth Haber, Chief Financial Officer |
|
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has
been signed by the following persons in their indicated capacities as of the 2nd day of March,
2007.
|
|
|
|
|
|
*/s/ Joseph M. Scaminace
Joseph M. Scaminace
|
|
Chairman and Chief Executive
Officer
(Principal Executive Officer) |
|
|
|
/s/ Kenneth Haber
Kenneth Haber
|
|
Chief Financial Officer
(Principal Financial and Accounting Officer) |
|
|
|
*/s/ Richard W. Blackburn
Richard W. Blackburn
|
|
Director |
|
|
|
*/s/ Steven J. Demetriou
Steven J. Demetriou
|
|
Director |
|
|
|
*/s/ Katherine L. Plourde
Katherine L. Plourde
|
|
Director |
|
|
|
|
|
Director |
|
|
|
*/s/ William J. Reidy
William J. Reidy
|
|
Director |
|
|
|
|
|
Director |
|
|
|
*By: /s/ Kenneth Haber
Kenneth Haber
Attorney-in-Fact |
|
|
EXHIBIT INDEX
|
|
|
Exhibit |
|
|
No. |
|
Description |
|
|
|
4.1
|
|
Amended and Restated Certificate of Incorporation of the Company* |
|
|
|
4.2
|
|
Amended and Restated Bylaws of the Company* |
|
|
|
4.3
|
|
Form of Common Stock Certificate of the Company* |
|
|
|
5
|
|
Opinion of Squire, Sanders & Dempsey L.L.P. |
|
|
|
23.1
|
|
Consent of Ernst & Young LLP |
|
|
|
23.2
|
|
Consent of Squire, Sanders & Dempsey L.L.P. (contained in Exhibit 5) |
|
|
|
24
|
|
Powers-of-Attorney |
|
|
|
99.1
|
|
OM Group, Inc. 2002 Stock Incentive Plan (incorporated by reference to Exhibit 99 to the
Companys Current Report on Form 8-K filed May 5, 2006) |
|
|
|
99.2
|
|
Employment Agreement by and between OM Group, Inc. and Joseph M. Scaminace dated May 26, 2005
(incorporated by reference to Exhibit 99 to the Companys Current Report on Form 8-K filed on
June 2, 2005). |
|
|
|
* |
|
These documents were filed as exhibits to the Companys Form S-1 Registration Statement
(Registration No. 33-60444) which became effective on October 12, 1993 and are
incorporated herein by reference. |